Fox Corp Class B (FOX)

Days of inventory on hand (DOH)

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Inventory turnover		3.88	4.73	2.89	2.94	2.86
DOH	days	94.18	77.09	126.46	124.22	127.53

June 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.88
= 94.18

The days of inventory on hand (DOH) for Fox Corp Class B has fluctuated over the past five years. As of June 30, 2024, the company held inventory for an average of 94.18 days, showing an increase from the previous year's DOH of 77.09 days. This upturn in DOH may indicate a slower turnover of inventory, potentially tying up more capital in stock and affecting liquidity.

Comparing the most recent DOH figure to the values from two and three years ago, we see that it is lower than the DOH of 126.46 days recorded in June 30, 2022, and 124.22 days in June 30, 2021. This decrease could signal an improvement in inventory management efficiency, as the company is now holding inventory for a shorter period.

However, the current DOH of 94.18 days is still higher than the DOH reported on June 30, 2020, which was 127.53 days. This suggests that while there has been some progress in inventory management over the years, there is still room for further optimization in streamlining inventory levels and turnover.

Overall, Fox Corp Class B's days of inventory on hand has shown variation over the past five years, with the most recent figure pointing towards improved efficiency in managing inventory levels, albeit with areas for potential enhancement.